The Laos switchgear market is projected to grow with a CAGR of 7.2%
during 2018-24. The economic growth in Laos is expected to pick up in
2018 on the back of expansion of sales and production of electricity,
burgeoning services sector and the construction of cross-border railway
projects.

Though, Laos's economy is gradually diversifying into retail services,
construction and tourism, the country's large untapped hydropower
potential cannot be overlooked, and it is predicted that the resource
sector would continue to play a major role in the economic growth of the
country in the next decade. The strengthening of the power
infrastructure in Laos would prove to be beneficial for the switchgear
market in the country.

Low voltage switchgears dominate the overall switchgear market with the
largest market revenue share on account of their applicability across
multiple domains. Gas insulated switchgears are expected to gain more
market revenue share in the coming years due to the several advantages
these offer over their air insulated counterparts.

The report comprehensively covers the Laos Switchgear Market by voltage,
insulation, types, applications and regions. The report provides an
unbiased and detailed analysis of the on-going trends,
opportunities/high growth areas, market drivers which would help the
stakeholders to device and align their market strategies according to
the current and future market dynamics.